Business
NACCIMA Wants Govt To Create More Research Centres
Director-General, Nige
rian Association of Chambers of Commerce, Industries, Mines and Agriculture (NACCIMA), Dr John Osemede, has urged the Federal Government to establish more research centres in the country.
Osemede told newsmen in Lagos, that the existing centres also needed to be empowered to boost industrial growth and creation of jobs.
According to him, empowering research centres will reduce the nation’s dependence on foreign goods.
He also urged government at levels to partner with Universities of Agriculture to increase production in key food producing states.
“We need more research centres in this country; the existing ones need to be further empowered, they are not performing up to expected standards.
“Almost all the Universities of Agriculture, or those who make provision to offer agriculture, have large expanse of land that are not well utilised.
“The government can partner with them and assist them to have more capacity to produce crops or breed animals that would provide jobs for the youths.
“This is a means to employ young graduates, instead of leaving them to roam the streets in search of jobs.
“We have products like sesame seeds, mustard seeds, shea butter, cocoa and others, which can generate revenue,’’ he said.
Osemede noted that in cultivating these products, the sector needed more hands for mass production.
The NACCIMA boss said that the production of the seeds were in short supply.
“Our university environments should be avenue for agricultural and economic research,” Osemede said.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
